Post Utme Igbinedion University 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is considering investing in a new project. The project has a fixed \cost of ₦1,000,000 and a variable \cost of ₦500 per unit produced. If the selling price of the product is ₦1,200 per unit, what is the break-even point?

Answer Options

A. 1,000 units
Correct Answer B. 5,000 units
C. 10,000 units
D. 20,000 units
Correct Answer
B
Correct Option:
5,000 units

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

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